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Determine the percentage of the original cost price that the selling price (K504) represents.

Mathematics

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Answer

K56\text{K}56

Step-by-step solution

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Here's the solution for the problem.

Maida made a sale and collected K504. She realized that she made a loss. What is her loss if her percentage loss is 10%?

  1. Determine the percentage of the original cost price that the selling price (K504) represents.

    If there is a 10% loss, the selling price is 100%−10%=90%100\% - 10\% = 90\% of the original cost price.

  2. Calculate the original cost price.

    Let the original cost price be CC.

    0.90×C=K5040.90 \times C = \text{K}504 C=K5040.90C = \frac{\text{K}504}{0.90} C=K560C = \text{K}560
  3. Calculate the loss amount.

    Loss=Original Cost Price−Selling Price\text{Loss} = \text{Original Cost Price} - \text{Selling Price} Loss=K560−K504\text{Loss} = \text{K}560 - \text{K}504 Loss=K56\text{Loss} = \text{K}56 K56\text{K}56
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